American International Group Inc. trimmed its stake in shares of Lendingtree Inc (NASDAQ:TREE) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,263 shares of the financial services provider’s stock after selling 488 shares during the quarter. American International Group Inc.’s holdings in Lendingtree were worth $4,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TREE. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Lendingtree by 48.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 559,424 shares of the financial services provider’s stock worth $128,723,000 after purchasing an additional 181,491 shares in the last quarter. Nikko Asset Management Americas Inc. grew its stake in Lendingtree by 47.4% during the 3rd quarter. Nikko Asset Management Americas Inc. now owns 561,873 shares of the financial services provider’s stock worth $129,231,000 after purchasing an additional 180,718 shares in the last quarter. Victory Capital Management Inc. grew its stake in Lendingtree by 150.9% during the 2nd quarter. Victory Capital Management Inc. now owns 286,528 shares of the financial services provider’s stock worth $61,259,000 after purchasing an additional 172,310 shares in the last quarter. Macquarie Group Ltd. grew its stake in Lendingtree by 84.2% during the 2nd quarter. Macquarie Group Ltd. now owns 353,187 shares of the financial services provider’s stock worth $75,511,000 after purchasing an additional 161,407 shares in the last quarter. Finally, FMR LLC acquired a new position in Lendingtree during the 2nd quarter worth $25,742,000. 86.43% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Steven Ozonian sold 975 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $247.83, for a total value of $241,634.25. Following the completion of the sale, the director now directly owns 7,344 shares of the company’s stock, valued at approximately $1,820,063.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.50% of the stock is currently owned by insiders.

NASDAQ:TREE opened at $242.74 on Friday. The stock has a market cap of $3.21 billion, a PE ratio of 80.38, a price-to-earnings-growth ratio of 1.91 and a beta of 2.18. Lendingtree Inc has a 1 year low of $183.25 and a 1 year high of $404.40. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.66.

Lendingtree (NASDAQ:TREE) last posted its earnings results on Thursday, November 1st. The financial services provider reported $1.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.61. Lendingtree had a return on equity of 12.86% and a net margin of 12.73%. The business had revenue of $197.10 million during the quarter, compared to the consensus estimate of $199.28 million. During the same period in the previous year, the business earned $1.17 EPS. The business’s quarterly revenue was up 14.9% on a year-over-year basis. As a group, research analysts forecast that Lendingtree Inc will post 3.69 earnings per share for the current year.

Several research analysts recently commented on TREE shares. Deutsche Bank lowered their target price on Lendingtree from $290.00 to $270.00 and set a “hold” rating for the company in a research note on Thursday, August 16th. ValuEngine raised Lendingtree from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. BidaskClub raised Lendingtree from a “sell” rating to a “hold” rating in a research report on Wednesday, September 5th. Zacks Investment Research raised Lendingtree from a “hold” rating to a “buy” rating and set a $253.00 price objective for the company in a research report on Tuesday, September 25th. Finally, Northland Securities raised Lendingtree from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $323.88.

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Lendingtree Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

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Institutional Ownership by Quarter for Lendingtree (NASDAQ:TREE)

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